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Lots of volatility lately for silver, and I doubt it's going to stop any time soon. It generally follows gold's pattern with different amplitude, but it has diverged lately. Gold is seeing a run this year for several reasons, some align with silver (safe haven/store of wealth, some run against silver (silver is also an industrial commodity to a far greater extent). The silver price doesn't know which way to run. I've never been in precious metals before this year, I conceptually don't like arbitrary assignment of value to something which gets stored as inert bars, but it was just clear that they were both good buys earlier this year so I jumped in. Gold is a more sure thing, silver more risky but with much more potential upside. Silver's zigs and zags are harder to predict but it should do well over the longer term.

I'm not 100% sure it will play out but I have a TA target around US$40 for silver, maybe very roughly by late 2025. Potentially it could go a lot higher if things fall into place.

Gold has been hitting multiple all time highs lately, but silver is still nowhere near its all time high hit in January 2011 of almost US$50, and it even hit close to $50 back on new year's day 1980. I doubt it will happen but it wouldn't be the strangest thing if silver hit $70-80 in the next year or two, and relative to that there's very little down side.

<blockquote data-quote="Sdajii" data-source="post: 1293701" data-attributes="member: 30808">Lots of volatility lately for silver, and I doubt it&#039;s going to stop any time soon. It generally follows gold&#039;s pattern with different amplitude, but it has diverged lately. Gold is seeing a run this year for several reasons, some align with silver (safe haven/store of wealth, some run against silver (silver is also an industrial commodity to a far greater extent). The silver price doesn&#039;t know which way to run. I&#039;ve never been in precious metals before this year, I conceptually don&#039;t like arbitrary assignment of value to something which gets stored as inert bars, but it was just clear that they were both good buys earlier this year so I jumped in. Gold is a more sure thing, silver more risky but with much more potential upside. Silver&#039;s zigs and zags are harder to predict but it should do well over the longer term.I&#039;m not 100% sure it will play out but I have a TA target around US$40 for silver, maybe very roughly by late 2025. Potentially it could go a lot higher if things fall into place.Gold has been hitting multiple all time highs lately, but silver is still nowhere near its all time high hit in January 2011 of almost US$50, and it even hit close to $50 back on new year&#039;s day 1980. I doubt it will happen but it wouldn&#039;t be the strangest thing if silver hit $70-80 in the next year or two, and relative to that there&#039;s very little down side.</blockquote>

[QUOTE="Sdajii, post: 1293701, member: 30808"] Lots of volatility lately for silver, and I doubt it's going to stop any time soon. It generally follows gold's pattern with different amplitude, but it has diverged lately. Gold is seeing a run this year for several reasons, some align with silver (safe haven/store of wealth, some run against silver (silver is also an industrial commodity to a far greater extent). The silver price doesn't know which way to run. I've never been in precious metals before this year, I conceptually don't like arbitrary assignment of value to something which gets stored as inert bars, but it was just clear that they were both good buys earlier this year so I jumped in. Gold is a more sure thing, silver more risky but with much more potential upside. Silver's zigs and zags are harder to predict but it should do well over the longer term. I'm not 100% sure it will play out but I have a TA target around US$40 for silver, maybe very roughly by late 2025. Potentially it could go a lot higher if things fall into place. Gold has been hitting multiple all time highs lately, but silver is still nowhere near its all time high hit in January 2011 of almost US$50, and it even hit close to $50 back on new year's day 1980. I doubt it will happen but it wouldn't be the strangest thing if silver hit $70-80 in the next year or two, and relative to that there's very little down side. [/QUOTE]

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